State Life Hybrid Life-Long Term Care Insurance Plan

The State Life Insurance Company®, (State Life) is a OneAmerica® company, founded in 1894 and is headquartered in Indianapolis, Indiana.  The State Life Insurance Company offers individual hybrid life/long term care products.

The State Life Insurance Company operates as a subsidiary of OneAmerica Financial Partners, Inc.

My Grandfathers’ Retro StateLife Policy from 1937

State Life which is a One America company’s Hybrid Life-Long Term Care Insurance Plans are named Asset I, Asset II, Asset III and Asset IV.  All products will build cash value, offer a death benefit and of course will have a Long Term Care Insurance benefit.  If care is never needed, then the family will get the death benefit tax-free.

The State Life Hybrid Long Term Care Insurance plan offers a 48 month, a 66 month and an unlimited benefit period. They have an individual plan for single people as well as a shared policy that covers two people.

The State Life Insurance Company® Hybrid Long Term Care Insurance plan called Asset Care also will pay out a tax free life insurance benefit. If long term care is never needed the family gets a lump sum payment at death. If it is a couple’s shared policy the death benefit is second to die and is paid out after both insured have passed away.